up up and away , page-4

Yer Right!

..... first another 50% drop in price to a new low
and with that NEW management...oh and far less directors and with no options for management and directors.

Most of the mines should be on a care and maintenance basis.
Possibly buy several small companies with excellent results but no capital as the gold price makes a new low.

from the release:
"Total interest bearing liabilities at 30 June 2013 of A$325 million included the Senior Secured Notes of US$250 million and the Red Kite gold loan of A$50 million, resulting in gearing of 28%[4]."

WOW? gearing has no relationship to the ability to pay back this liability and if there's a fire sale the gearing is about 100%

Who wants to buy a company that constantly loses money?

the chart can easily support a new low.... look at a long term monthly chart!